The Federal Reserve said Wednesday it is holding rates steady for the second time this year and projected one rate cut this year.
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The US-Israeli war with Iran rippled through markets this week, sending oil prices to their biggest weekly gain in futures ...
The Dow Jones Industrial Average slid 821.91 points, or 1.66%, to close at 48,804.06. The S&P 500 dropped 1.04% to 6,837.75, while the Nasdaq Composite declined 1.13% to 22,627.27.
The Dow, S&P 500, and Nasdaq rebounded sharply after President Trump suggested the conflict in Iran was going to end sooner than expected.
This comes as US oil prices had crossed $120 a barrel on Monday before it fell back on Monday as the Iran war intensified.